Vermilion Energy Stock Price, News & Analysis

Vermilion Energy Inc. (VET) announced a 2023 budget of $570 million, with production guidance of 87,000 – 91,000 boe/d, reflecting a 3% year-over-year increase. The company projects free cash flow of $800 million despite challenges from windfall taxes and hedging losses. A 25% increase in the quarterly dividend to $0.10 CDN per share was announced, alongside the resumption of a share buyback program aimed at enhancing shareholder value. The Corrib Acquisition is expected to close by March 31, 2023, further boosting operational capabilities.

Vermilion Energy Inc. (TSX: VET, NYSE: VET) announces a cash dividend of $0.08 CDN per share, payable on January 16, 2023. The record date for this dividend is December 30, 2022, with an ex-dividend date of December 29, 2022. This dividend qualifies as an eligible dividend under the Income Tax Act in Canada. Vermilion focuses on the acquisition and development of energy assets across North America, Europe, and Australia, prioritizing free cash flow generation and shareholder returns.

Vermilion Energy reported Q3 2022 results with fund flows from operations of $508 million ($3.10/share), a 12% increase, driven by higher European natural gas prices. Free cash flow decreased 5% to $324 million, influenced by increased capital expenditures for offshore drilling in Australia. Net earnings stood at $271 million ($1.65/share), with a net debt reduction to $1.4 billion, the lowest in over a decade. The company faces potential EU windfall taxes estimated between $250-$350 million for 2022. A quarterly dividend of $0.08/share was declared for January 2023, amid ongoing operational challenges.

Vermilion Energy Inc. (TSX: VET) will release its 2022 third quarter operating and financial results on November 9, 2022, after market close. The unaudited financial statements will be available on SEDAR, EDGAR, and Vermilion’s website. A conference call and webcast to discuss the results is scheduled for November 10, 2022, at 9:00 AM MST. Participants can access the call via toll-free numbers or the provided webcast link. For more information, investors can contact Vermilion's investor relations team.

Vermilion Energy Inc. (TSX: VET, NYSE: VET) has filed an early warning report following its acquisition of over 2% additional common shares in Coelacanth Energy Inc. The transactions occurred between June 20, 2022, and October 3, 2022, with Vermilion purchasing 7,057,322 shares for $4.8 million and exercising 1,444,804 warrants for about $0.4 million. Post transactions, Vermilion controls 69,342,595 shares, amounting to 16.3% of Coelacanth's outstanding shares. The acquisitions aimed to enhance Vermilion's investment in Coelacanth.

Vermilion Energy Inc. (TSX: VET, NYSE: VET) has corrected the ex-dividend date for its Q3 2022 dividend payment. The new ex-dividend date is September 28, 2022, changed from the previous date of September 29, 2022, due to a statutory holiday on September 30, 2022. The dividend payment is scheduled for October 17, 2022, with all other details remaining unchanged from the August 11, 2022, press release.

Vermilion Energy reported strong Q2 2022 results with fund flows from operations (FFO) of $453 million ($2.75/share), a 16% increase from Q1, and free cash flow (FCF) of $340 million ($2.07/share), a 12% increase. The Q3 dividend increased by 33% to $0.08/share, totaling an annual payment of $53 million. The company is focusing on reducing debt with a target of $1.2 billion by year-end 2022 and has implemented a return of capital framework, anticipating a return of up to 25% of FCF in the second half of 2022 and 50% to 75% in 2023.

Vermilion Energy Inc. (TSX: VET, NYSE: VET) has declared a 33% increase to its quarterly cash dividend, now at $0.08 CDN per share. This dividend will be paid on October 17, 2022 to shareholders on record as of September 30, 2022, with an ex-dividend date of September 29, 2022. The dividend qualifies as an eligible dividend under Canada’s Income Tax Act. Vermilion focuses on enhancing free cash flow and returning capital to investors.

Vermilion Energy (TSX: VET, NYSE: VET) will release its Q2 2022 financial results on August 11, 2022, after market close. The unaudited financial statements and management analysis for the three and six months ending June 30, 2022 will be accessible on SEDAR, EDGAR, and the company's website. A conference call will occur on August 12, 2022, at 7:00 AM MST to discuss the results. Investors can access the call at www.vermilionenergy.com. Vermilion emphasizes free cash flow and strategic acquisitions.